Local micro-venture capital fund Gemba Capital has strengthened its advisory board with the inclusion of Somak Ghosh, a banking and investment management stalwart.
Somak brings a total of more than 30 years of experience in corporate and development banking, venture capital/private equity, infrastructure financing and corporate strategy.
Somak Ghosh’s career path
Somak began his career in 1993 and spent a decade at ICICI, Reliance and Rabo India before joining Yes Bank as group president in 2004.
At Yes Bank, Somak led the bank’s corporate and development banking charter. He was later appointed as a professional co-founder for his contribution in creating and building one of the most successful mid-sized banks in India.
When Somak left Yes Bank in 2012, he managed more than Rs 40,000 crore of the bank’s assets and more than 50% of the profits.
Driven by his interest in the startup ecosystem, in 2013 he set up SEBI-registered Contrarian Vriddhi Fund and made seed investments in 12 startups, including Pratilipi, Progcap, Signzy, Squadstack, Minjar, to name a few.
Somak is also part of the Investment Committee of Motilal Oswal Real Estate Fund. Somak did his MBA from FMS (Delhi) and is an Advanced Leadership Fellow at Harvard (USA).
Leadership Comments
Adith Podhar, Founding Partner, Gemba Capital, said: “Somak brings a wealth of experience in the domains of BFSI and Venture Capital. The Fund will seek your advice on governance and strategic decisions. With his experience and mentorship, we will add real value to our portfolio companies as Fintech is a core investment focus for our Fund-II. “We are very happy to have him as part of the Gemba Capital family.”
On joining Gemba Capital’s Advisory Board, Somak Ghosh said, “I have always wanted to contribute to the development of the startup and fintech ecosystem in India. This engagement with Gemba Capital is an effort to help the ecosystem with my experiences and learnings. I know both Adith like Govind for a long time and look forward to adding strategic value to Gemba Capital and its portfolio companies.”
Gemba Capital Portfolio
Gemba Capital has invested in over 50 startups so far including Plum Insurtech, Grip Invest, Wint Wealth, Zuper, Navadhan, Volt Money, Click Post, Showroom, Strata, Kredmint to name a few.
The company recently received SEBI license for its second fund of $30 million through which it will invest in early/pre-seed stage startups in Fintech, Consumer Tech and B2B platforms.
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